A sharp eyed work colleague picked this up.

http://smh.com.au/articles/2004/03/12/1078594535432.html

Open Tel posts FY net loss of $3.645m
Sydney
March 12, 2004

Telecommunications software company Open Telecommunications yesterday
said 2004 would be the start of profitable activities, after posting a
net loss of $3.645 million for the year ending December 31, 2003.

Chairman Wayne Passlow said the company was now well positioned to
take advantage of a recovery in the telco market.

"The company is confident that 2004 will see a turnaround in our
fortunes, and be the start of profitable activities for the coming
years," Passlow said in a statement.

Open Telecommunications re-listed on the Australian Stock Exchange on
February 3, after raising $13 million.

The company suffered badly after the tech stock crash in 2000 and went
into voluntary administration in April 2002, when its shares were
trading at 5.1 cents.

Passlow said the company was this year seeking to have more stable
business, without major new investment in products and technology.

"During 2004, the company will be investigating new ways to package
our existing skills and technology to bring new packaged products to
market," Passlow said.



"As many major corporations move to increase their own involvement in
internal telecommunications facilities, there are emerging
opportunities for OT products and services to be repackaged and sold
to these corporations."

The Deed of Company arrangement was fully paid out by December 11, 2003.

During the year, Passlow said the company also managed to dedicate
significant resources to business development work.

"We are confident that this investment in business development in 2003
will provide new customers in both business divisions in 2004,"
Passlow said.

Open Telecommunication's two divisions are the OSS division, based on
the openCI product suite, and the switching division, based on the
Softswitch and Intelligent Network product suites.

No dividend was paid.

AAP